Market: Remains resilient after huge shift in the past 15 months

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Months Of 2022

The median sales price in the Cape’s single-family indirect gulf access canal home segment was $810,000 in May, up 2 8% from $787,600 in May 2022, but 1 2% below the $820,000 in April of this year In the first five months of 2023, the median sales price in this segment averaged $786,500 per month, or 2 4% less than the average of $806,010 per month in the first five months of 2022

Direct sailboat access canal homes

In the Cape Coral single-family direct sailboat access canal home segment (homes with no bridges in the canals to reach open water), there were 35 closed home sales in May This was 27 1% lower than the 48 closed sales in May of 2022, and 20 5% below the 44 sales in April of this year In the first five months of 2023, there were 191 closed sales in this segment, or 36 8% less than the 302 sales in the first five

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For additional information, call 239-4822121

Royal Palm Coast Realtor Association awards donations to community foundations

The Royal Palm Realtor Association’s 2023 Annual Realtor Golf Tournament was a huge success thanks to the 31 teams who swung into action for a good cause With 70 auction items, a 50/50 raffle and 38 generous sponsors, the event was a hole in one. But it wasn't just about hitting the green - this tournament was all about making a difference and giving back to the community Thanks to the generous support of membership and sponsors, the RPCRA was able to raise more than $12,000 for two deserving foundations: n The RPCRA Crisis Foundation, that has been providing emergency financial assistance for hundreds of RPCRA Realtor members since 2007 who have been affected by catastrophic events It will receive a donation in the amount of $5,374 78 n The second foundation is RPCRA’s Realtors Care Foundation of Southwest Florida, a charitable program that offers financial assistance to homeowners in Southwest Florida who have been victims of natural disasters They will receive a donation in the amount of $6,774 79

To learn more about Royal Palm Coast Realtor® Association and membership, visit RPCRA org

Months Of 2022

The median sales price in the Cape’s single-family direct sailboat access canal home segment was $745,000 in May Not surprisingly, this was 34 5% below the all-time record high single month price in this segment of $1,137,500 in May 2022, but it was 1 5% higher than the $733,970 in April of this year In the first five months of 2023, the median sales price in this segment averaged $735,294 per month, or 20 6% less than the average of $925,580 per month in the first five months of 2022

Freshwater canal and lake homes

In the Cape Coral single-family freshwater canal and lake home segment, which consists of landlocked canals and lakes with no boating access to the river or the Gulf of Mexico, there were 47 closed home sales in May This was 31 9% lower than the 69 sales in May 2022, and down 9 6% from the 52 sales in April of this year In the first five months of 2023, there were 226 sales in this segment, or 29 8% less than the 322 sales in the first five months of 2022

The median sales price in the Cape’s single-family freshwater canal and lake home segment was $510,000 in May, or 8 9% below the $560,000 posted in May 2022, but 2 8% more than the $496,250 in April of this year In the first five months of 2023, the median sales price in this segment averaged $505,250 per month, or 1 2% less than the average of $511,370 per month in the first five months of 2022

Dry lot homes

In the Cape’s single-family dry lot (noncanal) home segment, there were 400 closed sales in May, which was 7 2% lower than the 431 sales in May 2022, but 16 3% above the 344 sales in April of this year In the first five months of 2023, there were 1,604 sales in this segment, or 20 6% below the 2,019 sales in the first five months of 2022

The median sales price in this segment was $377,495 in May, or 5 6% less than the $400,000 in May 2022, and a fraction below the $378,495 in April of this year In the first five months of 2023, the median

Real Estate Briefs

Cushman & Wakefield | Commercial Property Southwest Florida brokers $2 million sale of Fort Myers property

Cushman and Wakefield | Commercial Pro p e r t y S o u t h w e s t F l o r i d a t h i s w e e k announced the sale of 17025 Cam Ct in Fort Myers The 3 37 AC CPD zoned land is located at the signalized intersection of Cam Court and Alico Road and offers over 320 feet of frontage on Alico

L a n e B o y , e x e c u t i v e d i r e c t o r , a t Cushman and Wakefield | Commercial Property Southwest Florida, represented the seller in the transaction TJD Holdings, Inc , David Messinger sold the property to MAXXALICO, LLC for $2,000,000

Cushman and Wakefield | Commercial Property Southwest Florida, LLC delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants and investors through every stage of the real estate process The company advises clients in buying, selling, financing, leasing, and managing assets C & W a l s o p r o v i d e s v a l u a t i o n a d v i c e , strategic planning and research, portfolio analysis, site selection and space location assistance

For more information about this transaction, or to learn more about Commercial Property Southwest Florida, please contact Gary Tasman at gtasman@cpswfl com or visit www cpswfl com

Owen-Ames-Kimball Florida welcomes interns

Owen‑Ames‑Kimball Company, a general contractor with a longstanding presence in Southwest Florida, has welcomed two interns, Joao Rocha and Ramian Smith The interns will work with the O-A-K team to gain first-hand experience in the field of construction contracting and management, developing the knowledge and skills that will help them prepare for success in future careers within the industry

R o c h a i s a F l o r i d a G u l f C o a s t University civil engineering student. He graduated from St Benedict’s Prep High School in Newark, New Jersey Rocha’s native language is Portuguese Before coming to the United States, Rocha participated in nine years of English courses at the Institute of Brazil He is fluent in English and at an advanced level in Spanish

Rocha is passionate about design and construction He is skilled in AutoCAD and project management His internship will focus on preconstruction and estimating Rocha’s high school soccer team was the national champion, and in his free time, he coaches the Lee County Strikers Club Soccer team

Smith is a construction management m a j o r a t F G C U H e g r a d u a t e d f r o m R i v e r d a l e H i g h S c h o o l ’ s I n t e r n a t i o n a l Baccalaureate program with a 4 52 GPA Smith aspires to be a project superintendent and project engineer During his sales price in this segment averaged $373,616 per month, up a fraction from the average of $373,070 per month in the first five months of 2022

The sales data for this article was obtained from the Florida Realtors Multiple Listing Service Matrix for Lee County, Fla , as of June 19, 2023, unless otherwise noted It was compiled by Bob and Geri Quinn and it includes information specifically for Cape Coral single-family homes, and does not include condominiums, short sales or foreclosures The data and statistics are believed to be reliable, however, they could be updated and revised periodically, and are subject to change without notice The Quinns are a husband and wife real estate team with the RE/MAX Realty Team office in Cape Coral They have lived in Cape Coral for over 43 years Geri has been a full-time Realtor since 2005, and Bob joined Geri as a full-time Realtor in 2014 Their real estate practice is mainly focused on Cape Coral residential property and vacant lots internship, he works at the Rehabilitation of Chamberlin and Perimeter Roads for the Lee County Port Authority Smith is skilled in Building Information Modeling, general estimating, plan interpretation and bridge crane operation He is a member of the A s s o c i a t e d B u i l d e r s a n d C o n t r a c t o r s Student Chapter and was a team member of the Associated Schools of Construction competition Smith’s internship will focus on project superintendent and fieldwork

“Our intern program provides college students the opportunity to apply their classroom knowledge to actual projects under the guidance of O-A-K’s industry experts,” said Matthew Zwack, president of Owen-Ames-Kimball Florida “Our interns gain a great deal of knowledge about the construction field during their time with us ”

O w e n - A m e s - K i m b a l l C o m p a n y h a s provided general contracting, design-build, and construction management services in S o u t h w e s t F l o r i d a s i n c e 1 9 8 2 A n e m p l o y e e - o w n e d c o m p a n y , O - A - K Florida, Inc ’s board of directors comprises m e m b e r s f r o m t h e c o m p a n y ’ s F l o r i d a operations

O-A-K’s Florida operation is an affiliate of its parent company in Grand Rapids, M i c h i g a n T h e F l o r i d a o p e r a t i o n h a s offices in Collier and Lee counties Its Lee County office is at 11941 Fairway Lakes Drive in Fort Myers Learn more about OA-K at www owen-ames-kimball com or call (239) 561-4141.